| Product Code: ETC10277350 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada continues to rely on imports for its solar district heating systems, with top exporting countries including Greece, China, Lebanon, Trinidad and Tobago, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 33.1% from 2020 to 2024 demonstrates strong expansion in the sector. Moreover, the growth rate of 46.58% from 2023 to 2024 highlights the accelerating pace of development in Grenada`s solar district heating import market. This data suggests a promising outlook for the industry in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Solar District Heating Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Solar District Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Solar District Heating Market - Industry Life Cycle |
3.4 Grenada Solar District Heating Market - Porter's Five Forces |
3.5 Grenada Solar District Heating Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Solar District Heating Market Revenues & Volume Share, By Collector Technology, 2021 & 2031F |
3.7 Grenada Solar District Heating Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Solar District Heating Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Solar District Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects in Grenada |
4.2.2 Growing awareness and adoption of environmentally friendly energy solutions |
4.2.3 Rising energy costs and the need for more cost-effective heating solutions |
4.3 Market Restraints |
4.3.1 High initial installation costs of solar district heating systems |
4.3.2 Limited technical expertise and skilled labor for designing and implementing such systems in Grenada |
4.3.3 Intermittent nature of solar energy generation affecting consistent heating supply |
5 Grenada Solar District Heating Market Trends |
6 Grenada Solar District Heating Market, By Types |
6.1 Grenada Solar District Heating Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Solar District Heating Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Solar District Heating Market Revenues & Volume, By Small Scale District Heating, 2021 - 2031F |
6.1.4 Grenada Solar District Heating Market Revenues & Volume, By Large Scale District Heating, 2021 - 2031F |
6.1.5 Grenada Solar District Heating Market Revenues & Volume, By Hybrid Solar District Heating, 2021 - 2031F |
6.1.6 Grenada Solar District Heating Market Revenues & Volume, By Seasonal Storage Systems, 2021 - 2031F |
6.2 Grenada Solar District Heating Market, By Collector Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Solar District Heating Market Revenues & Volume, By Flat Plate Collectors, 2021 - 2031F |
6.2.3 Grenada Solar District Heating Market Revenues & Volume, By Evacuated Tube Collectors, 2021 - 2031F |
6.2.4 Grenada Solar District Heating Market Revenues & Volume, By Parabolic Trough Collectors, 2021 - 2031F |
6.2.5 Grenada Solar District Heating Market Revenues & Volume, By Thermal Storage, 2021 - 2031F |
6.3 Grenada Solar District Heating Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Solar District Heating Market Revenues & Volume, By Residential Heating, 2021 - 2031F |
6.3.3 Grenada Solar District Heating Market Revenues & Volume, By Commercial Buildings, 2021 - 2031F |
6.3.4 Grenada Solar District Heating Market Revenues & Volume, By Industrial Process Heating, 2021 - 2031F |
6.3.5 Grenada Solar District Heating Market Revenues & Volume, By Grid Integration, 2021 - 2031F |
6.4 Grenada Solar District Heating Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Solar District Heating Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 Grenada Solar District Heating Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Grenada Solar District Heating Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.5 Grenada Solar District Heating Market Revenues & Volume, By Utility, 2021 - 2031F |
7 Grenada Solar District Heating Market Import-Export Trade Statistics |
7.1 Grenada Solar District Heating Market Export to Major Countries |
7.2 Grenada Solar District Heating Market Imports from Major Countries |
8 Grenada Solar District Heating Market Key Performance Indicators |
8.1 Average annual percentage increase in solar panel efficiency |
8.2 Number of solar district heating projects initiated or completed in Grenada |
8.3 Percentage of energy consumption from solar district heating compared to traditional heating sources |
9 Grenada Solar District Heating Market - Opportunity Assessment |
9.1 Grenada Solar District Heating Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Solar District Heating Market Opportunity Assessment, By Collector Technology, 2021 & 2031F |
9.3 Grenada Solar District Heating Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Solar District Heating Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Solar District Heating Market - Competitive Landscape |
10.1 Grenada Solar District Heating Market Revenue Share, By Companies, 2024 |
10.2 Grenada Solar District Heating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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